Answered: What is the cost of sales? Sales -…

What is the cost of sales? Sales - £120,000, Opening Inventory £25,000, Purchases, £85,000, Closing Inventory £27,000 Select one. £137,00 £37,000 £83,000 £85,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What is the cost of sales?

Sales - £120,000, Opening Inventory £25,000, Purchases, £85,000, Closing Inventory £27,000

Select one.

£137,00

£37,000

£83,000

£85,000

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